Cisco ($CSCO): Continue to trend down with GAPS

Cisco ($CSCO)  continues to trend down with gaps in between.

Since my last post in May, CSCO has fail to hold on and has go lower towards the $15 range.

News is out now that CSCO will cut as many as up to 10,000.

CSCO job cuts highlight the possibility of slow growth ahead due to economic activities and its internal innovation/transformation.

I believe, CSCO will hit $12.50 by Q1, 2012 (or maybe even earlier).


Russell 2000

Russell 2000 (RUT) : Fill the gap. Support level

RUT (along with many other counters) gap down on opening today.

It has since tried to fill the gap within the first half an hour.

Currently, it is just trading and hanging near to the support level 702.18 as indicated by the Chikou Span.

I doubt it will hold, unless Euro zone comes out with some positive news.

A fall below this will see our next target level shift to support at 678.


Lloyds Banking Group (LYG) : Double Bottom with Ichimoku cros

Yesterday, I saw a news on LYG highlighting that it may offload some of its property assets into a REIT.

What follows was a study of the Ichimoku chart below :